The Hindu Business Line : Monday, March 07, 2005

Bankers not happy over diktat on farm credit
BANKERS are not exactly happy over the Budget diktat to raise the flow of credit to agriculture by 30 per cent in 2005-06 as it comes over a 30 per cent hike order in 2004-05. On June 18, 2004, the Government got banks to mark up rural credit ... More

INSIGHT

Fed Reserve likely to be ready to change gear
Inflation data after the testimony confounded the fear of the change in the pace of the Federal Reserve's move towards the `neutral rate'. More

INFORMATION TECHNOLOGY

Going places, slowly
Technology is on a roll when it comes to the automated teller machine (ATM). Taking customer convenience a step further is the `Mobile ATM.' Has the service gained currency and has it driven banks' business for the better? eWorld tracks the s cene. More

No smooth sailing — SBI's floating ATM yet to find enough users
ATMs float too. But for the country's first ever floating ATM, the commissioning of three bridges linking the islands in the Ernakulam backwaters with the mainland late last year has turned out to be a setback. When the ATM was launched by ... More

DEBT MARKET

Bonds pressured on oil prices, Govt borrowings
BONDS declined as traders began selling in view of the anticipated increase in Government borrowings and rising international oil prices. Traders said that few were enthused by the Budget. This was because of the increase anticipated in the ... More

PRIVATE BANKS

CUB not hard-pressed to increase capital
CITY Union Bank does not expect a need for raising capital because of the Basel-II norms. The century-old bank, headquartered in Kumbakonam, is predominantly into trade finance and 68 per cent of its Rs 2,050-crore advances are accounts less ... More

FINANCIAL INSTITUTIONS

APIDC slashes interest rates on loans
THE Andhra Pradesh Industrial Development Corporation (APIDC) has decided to reduce the interest rates on term loans to new industrial units by 50 basis points at 12.5 per cent. Announcing this at a press conference here on Saturday, the APIDC ... More

MERGERS & ACQUISITIONS

No financial assistance package for IFCI suitor
"We are very clear that only the `good bank' (portfolio of good assets) would be merged with either PNB or IDBI. The `bad bank' would go to ARCs." More

INTERVIEW

`First task is to make core business profitable'
THE new Chairman and Managing Director of Oriental Insurance Company Ltd (OICL), Mr M. Ramadoss, is a chartered accountant by training. He spoke to Business Line on his corporate vision for OICL and the future of the non-life-insurance ... More

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